Selta Company's expected sales are: October $90,000, November $70,000, December $60,000. The cost of merchandise averages 60% of sales price. The company wants an inventory level of $25,000 at the end of December. The inventory at 30 September was $40,000. Total budgeted purchases for the three months are

Group of answer choices

$117,000.

$147,000.

$132,000.

$205,000.